Financial planners benefit from DomaCom and Mentor collaboration and focus on the future

Recently Mentor Education Group (Mentor)
celebrated a significant collaborative milestone with DomaCom Australia Ltd (DomaCom)
with the accreditation of the 500th financial adviser under the online
study program developed specifically for the DomaCom Fund – an ASIC registered
Managed Investment Scheme (MIS) that allows investors to invest in one or more
properties of choice via a syndicate like / fractional investment structure.

Commenting
on the achievement, Mentor founder and managing director Dr Mark Sinclair said it
was a ‘natural fit’ with DomaCom and
an insight into the future of the industry and the advice sector beyond 2024,
the Royal Commission and FASEA.

“The days of the stereotypical
adviser being a one-dimensional risk, investment, SMSF or retirement specialist
is rapidly disappearing and a broader skill set required to tap into an everchanging
and evolving client environment”, said Dr Sinclair.

“As a provider of industry and
business education solutions, Mentor keeps pace with these changes by providing
a broad and relevant menu of academic and business improvement options”.

The online accreditation course that
was developed specifically for the DomaCom Fund is yet another example of this
new era in the provision of learning solutions and collaboration within
financial services.

Responding
on behalf of DomaCom, CEO Arthur Naoumidis said since its inception DomaCom has
utilised advances in technology to develop equity market concepts such as SMAs
and Multi-level Managed Investment Schemes to enable investors to enter the
property market in a manner similar to investing in public companies.

“Today, the DomaCom Fund is on 43
APLs and by outsourcing accreditation to specialist education provider Mentor
has resulted in 500 financial advisers accredited in just four years”.

DomaCom Fund accredited financial
advisers have a point of difference and are able to engage in conversation with
those clients interested in property exposure in their investments and superannuation.

In addition, accredited financial
advisers can provide Gen Y and Millennials an opportunity to consider saving in
a property sub-fund to enhance their property investment and /or marketplace
aspirations.

DomaCom is also currently working
towards an equity release product as part of the DomaCom offering for senior
Australians.An important component of
the product’s launch will be the provision of an accreditation offering through
Mentor.

In the long-term the Australian property market will continue to
expand in response to Australia’s population growth and attraction to overseas
investors.Furthermore, it’s a sector
that everyone from mums and dads to sophisticated investors can relate to i.e.
as a home, workplace, investment, career, entertainment, etc.

Dr Sinclair concluded, “We see
ourselves (Mentor) as the ‘go to’
organisation for financial service groups such as DomaCom and advisers seeking
a learning solution to broaden and deepen industry knowledge, expertise and
professionalism”.

“Our goal is to make financial
advisers more robust and holistic providers of financial advisory services and
in doing so, create a competitive point of difference and unique selling
proposition that in turn enhances prospects for business success in the
future”.